Following Copperbelt Energy (CEC Plc) disposing off its 50% shareholding in CEC Liquid Telecommunication Limited (CEC Liquid Telecom) to pan-African telecoms group, Liquid Telecommunication Holdings Limited (Liquid Telecom) in October 2018, investors in the company waited with baited breath for the CFO through his subcommittee on the board to conclude deliberations for the submission of […]
CEC Africa’s operations in Nigeria continue to face some of the harshest macroeconomic challenges in the energy company’s footprint across Africa. “In Nigeria where the Group has operating companies, challenging conditions in the operating environment continue to affect profitability. Abuja Electricity Distribution Company Plc continues to face high losses, low collections and non-cost refle
On 28th September 2018, PUMA Energy Zambia Plc reported, through SENS Announcement on LuSE, its half year performance for 2018. The Oil Marketing Company (OMC) that is positioned at the tail end of the oil marketing value chain saw revenue increase by 20.2% at half year 2018 compared to the same time in the previous […]
When we published “New Board Members at CEC? Interesting..“, we decoded the signal from the management team that they had brought on board an investments expert and a private equity specialists. When boards make decisions such as this one, it means that they are looking at improving the investment profile of the company. Many companies […]
It came as quite a curious surprise that following the failure of the CDC acquisition of CEC, energy maestro, Hanson Sindowe was retiring at Chairman of the Board of Directors of CEC Plc. Hanson has enjoyed an illustrious career in the energy sector. Some would even say that he is one of the most important […]
Over the last couple of months, the team at Financial Insight Zambia has been watching the CDC acquisition of CEC unfold. We published “CEC Conditions Precedents to the CDC Deal” which indicated the progress of the deal and the status of the deal. However, yesterday we received this email from the CDC press office and […]
Siyanga Malumo is an optimistic man. The power sector veteran and Chairman of CEC Africa makes a compelling case for shareholders to remain optimistic in his letter to shareholders in the CEC Africa 2017 annual report. The chairman is placing most of his faith in the fact that their Nigerian story has an opportunity of […]
Since the energy crisis of the 1970’s, Americans have been searching for ways to use our natural resources safely and efficiently. And since the release of the documentary An Inconvenient Truth in 2006, buzzwords and catchphrases like global warming, climate change, renewable energy, and sustainable energy have become a part of the American lexicon. But what does […]
Puma continues to pride itself over its safety record. This was evident when we reviewed their 2017 annual report for the year under review saw no deaths according to their Board Chairman JJ Sikazwe. In fact, although their record indicated a one point improvement in 2017 compared to 2016, road traffic accidents stood out as […]
On 30 January 2018, CDC and A P Moller Capital announced that they had made a bid to acquire Copperbelt Energy Corporation. According to the CEC website, the company is majority owned by Zambian Energy Corporation (“Ireland”) Limited (“ZECI”) which holds 52% shareholding whilst the balance of 48% is held by various institutional and retail […]
Copperbelt Energy Corporation Plc
